30 November 2024
49570
2024-11-30 10:29
India has taken a historic step in resource exploration as the government launches its first-ever auction of 13 mineral blocks in offshore areas, aiming to harness undersea resources for sustainable development.
The offshore area of India, encompassing territorial waters, the continental shelf, the Exclusive Economic Zone, and other maritime zones, is now open for exploration.The first tranche features 13 strategically identified blocks in the Arabian Sea and Andaman Sea.This initiative will strengthen India’s industrial and green energy sectors while establishing itself as a global leader in critical minerals.